29th Sep - Quiet amid big risks

Follow ‘MoreLiver’ on Twitter

EUROPE

EU Council is 'black hole' in public trust – euobserver

Sweden’s job market isn’t working for non-EU migrants – FT

Bloomberg Briefs: Brexit Special – BB

Simon Tilford: Brexit Britain: The poor man of Western Europe? – CER

Russia Economic Review – Daiwa

Why People Have Been Worrying About Deutsche Bank, in 12 Charts – BB

Deutsche Bank's Chinese Hurdle – BB

El-Erian: DB Should Make You Worry About Europe's Other Giants – View / BB

Mario Draghi does Deutschland – Politico

Draghi and Berlin drawn into Deutsche Bank troubles – FT

UNITED STATES

Fed's Yellen defends regulatory role, raises stress test changes – Reuters

Fed's primal divide: Is economy overheating or stuck in a rut? – Reuters

OTHER

Paul Krugman: A General Theory Of Austerity? – NYT

Rise of Shadow Banks Is Amplifying Monetary Policy, IMF Says – BB

Monetary Policy Not Hurt by Rise of Nonbank Finance – IMF

Steen Jakobsen’s Quarterly Outlook: Don the helmets – TF

Quant Who Coined Risk Parity Says Wall Street Has It Wrong – BB

Fed, BOJ add shine to risk-parity strategy – Reuters

  OPEC MEETING

OPEC agrees modest oil output curbs in first deal since 2008 – Reuters

OPEC Agrees to First Oil Output Cut in Eight Years – BB

The Biggest Winners and Losers From OPEC's Oil Deal – BB

Wall Street reacts to production cut: "more politics than anything else"– ZH

REGULARS

Danske Daily – Danske Bank

Eye-Opener – Nordea

OPEC decision, Several central bank speeches today * China PMIs and Yellen today. Bund ends virtually unchanged. SEK rose on solid data

Morning Markets – TF

Opec stunned the market overnight with a deal to cut oil production by an approximate 700000 b/d. Iran is celebrating as it earns an exemption but any move above $50/barrel for Brent is likely to unleash pent-up US shale oil onto the market.

Euro wrap-up – Daiwa

Daily Market Comment – Marc Chandler

Dollar Quietly Bid, while Market is Skeptical of OPEC Deal

Daily Market Comment – Macro Man

What's more important to savers: nominal or real rates?

Daily Press Summary – Open Europe

UK government forced to reveal why Article 50 can be triggered without parliamentary approval * Renzi: We need to build the best alliance between the UK and the EU * German and French MPs open to more EU integration on defence and immigration but disagree on other policy fields, says survey * Banks borrowed £9bn from BoE to withstand post-Brexit vote shock * Germany’s populist AfD party reaches new record high * French central bank governor calls for Eurozone budget and Eurobonds * S&P sees slower economic growth for UK, but no recession

Brussels Playbook – Politico

Hungary’s Schengen hole — UK’s EU backdoor — Gunning for Guterres

US Open – ZH

Crude Declines As OPEC Deal Doubts Emerge; Futures Roll Over

Frontrunning – ZH

FX Update – TF

The announcement of an Opec production cut saw a jump in CAD and NOK overnight and the JPY weaker with interesting technical implications for USDJPY as we are taken back to the levels trading prior to last week’s BoJ/FOMC meetings.

From the Floor – TF

News of a production cut deal among Opec nations has sent both crude and risk sentiment soaring higher but the headline masks a great many remaining uncertainties.

FINNISH

Aamukatsaus – Nordea

OPEC päätti öljyn tuotannon rajoittamisesta eilisessä kokouksessaan * USA:ssa vuoden toisen neljänneksen BKT:n kasvua korjattaneen ylöspäin * Meksikon keskuspankki puuttuu peson heikentymiseen * Fedin puheenjohtaja Yellen pitää puheen

Miten hyvin inflaatioswapit heijastavat odotettua inflaatiota? – Suomen Pankki

Miksi lainakanta kasvaa euroalueella niin hitaasti? – Suomen Pankki

Luonnollinen korko – hyödyllinen mutta epävarma talouden kuvaaja – Suomen Pankki

Kolme kuukautta brexitäänestyksestä – missä mennään? – Suomen Pankki